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20130113
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
CNN
Jan 13, 2013 12:00pm PST
never have been in circulation. the federal government has already reached the debt ceiling of nearly $16.4 trillion. >>> and a dangerous find in new york's central park. conservancy workers were cleaning an 18th-century cannon when it was realized it was fully loaded and ready to fire full of gunpower and a cannon ball. a bomb squad was called in to remove the explosives. >>> i'll be back in one hour and i'll show you the apps that can help you track the deadly flu outbreak. where you live. and locate a doctor who can treat you if you get sick. but first, ali velshi explains why we still don't have a budget and how our elected officials have bungled a basic business process that most of us handle with ease, it's a must-see "your money" starts right now. >>> america's road to economic recovery is wide open. it's right there in front of us. if our elected officials don't put some major road blocks in the way. i'm ali velshi, this is your money. debt ceilings, budgets and debt ceilings are all you're going to here coming out of washington the next few months and the partisan warfare in
PBS
Jan 13, 2013 6:30pm PST
congress prevents it, you know creates an entirely self-inflicted shortage through the debt ceiling. how is it exactly that we're supposed to have this crisis that leads to a double dip recession? it really doesn't even make sense as a story. and yet it is one of those things that people say and by and large, are not contradicted on. >> we keep hearing from the right that we're here on the path to becoming greece, and you say that that's impossible? >> yeah. we, even if, suppose that people decided, investors decided they don't like u.s. government debt, it can't cause a funding crisis because the u.s. government prints money. it's even hard to see how it can drive up interest rates because the fed sets interest rates at the short end, and why exactly would the long run rates go up if you don't expect the fed to raise rates? it could lead to a weakening of the u.s. dollar against other currencies. but that's actually a good thing. that would make u.s. exports more competitive. that would actually boost our economy. so it's, actually impossible to tell that story, as far as i can tell. an
CNBC
Jan 14, 2013 6:00am EST
in congress over raising the debt ceiling. the fed coming to the same conclusion that the idea behind the platinum coin was that the treasury would mint a core or coins for precious metal and the value would be based at $1 trillion. the united states is expected to reach its debt limit of $16.4 million last month. >> how many -- >> and it would have created sh -- there's the idea of used the 14th amendment to say that you have to pay your debts. but it would have created huge problems for the democrats as a way of just saying, you can make up any kind of mope. >> no. but a lot of people said if one side is going to play hard ball,ing. >> they would have been tide up in reports forever. >> there is a provision for it. easily done. i wanted one. that's a lottery you want to win, that coin. >> a printing press, right? >> a trillion dollar coin. >> i could never spend that much money. it would be impossible. >> ever see brewster's manage? >> i know of it. >> i don't remember. i remember -- >> why you wouldn't keep it. >> richard pryor was in it. >> very difficult. >> the debt ceiling is s
Search Results 0 to 5 of about 6 (some duplicates have been removed)